Latest Cloud News: Finextra Research

Why are FIs shifting grid computing to the cloud?

The financial services industry has long required compute-intensive calculations for risk management, regulatory compliance, product development, pricing, trading, clearing and surveillance. However, the volume and timeliness of these calculations have increased.

18 October 2019

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Increasing compute power with the cloud

The instantaneous availability of compute power in the cloud is supporting an explosion of data consumption in the financial services industry. In order to manage the vast amount of information in competitive and fragmented markets and derive actionable insights, a new approach to data management is essential. And financial institutions (FIs) are increasingly looking to the cloud.

18 October 2019

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Old Mutual enlists AWS for cloud migration

African financial services giant Old Mutual is moving to the cloud, with Amazon Web Services (AWS) as its preferred provider.

16 October 2019

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CME hops on Google Cloud for real-time market data delivery

CME Group is to become the first derivatives marketplace to offer real-time futures and options market data across the Google Cloud platform.

15 October 2019

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Cloud tops the agenda for corporate treasury automation

Corporate treasurers view the advance of cloud computing as the most important technological development facing the industry over the next five years, followed by Big Data analytics and artificial intelligence.

11 October 2019

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UK challenger Recognise signs for nCino cloud package

Recognise Financial Services, the latest challenger brand taking aim at the SME sector in the UK, has contracted with core bank provider nCino for delivery of its cloud-based Bank Operating System, as it gears up for launch in 2020.

08 October 2019

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Banks join forces on digital platform to help firms trade globally

A group of 14 banks - including Santander, RBC and MUFG - has launched a digital platform designed to tackle international trade barriers.

01 October 2019

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Atom Bank transitions to Google Cloud

Atom bank announces today at Sibos in London that the mobile-only bank will be shifting from third-party data centres to Google Cloud in order to keep pace with digitally savvy customers and offer new services.

25 September 2019

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Sibos 2019: Cloud, AI and privacy are the building blocks of a new digital world

How does an organisation decide if cloud and AI is right for them? This question was hotly debated at Sibos 2019 in London and discussions were also had around how IT leaders need to constantly assess the benefits of the cloud and AI in the context of the businesses they serve.

24 September 2019

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Sibos 2019: Swift heads for the Cloud

Banking co-operative Swift is to provide a jumping board to large public cloud providers Microsoft and Google, and roll out its own private cloud services for institutions connecting to the network.

24 September 2019

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Sibos 2019: Cloud services- huge burden of security responsibility

Security does not come embedded in a cloud service, nor are cloud services something you can choose to avoid, panellists discussed during one of the opening panels at Sibos 2019, London.

23 September 2019

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Incumbents vs neobanks: Leverage new technology or risk crumbling

Financial institutions are focusing heavily on digital transformation driving innovation, better customer experience and cost reduction as they shift gears from simply meeting regulatory and compliance needs to remain relevant in a digital world.

20 September 2019

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